Stock Purchase Programs

Arrow Financial Corporation’s transfer agent, American Stock Transfer & Trust Company, handles all transactions on stock ownership, record keeping and dividend payments. Below is a list of stock purchase programs offered through American Stock Transfer:

Dividend Reinvestment Plan (DRIP)

Arrow’s Dividend Reinvestment Plan allows you to purchase Arrow stock through our transfer agent, American Stock Transfer, without a fee or broker’s commission. Any future dividends paid are then used to purchase additional shares of Arrow stock.

Automatic Cash Investment

An automatic cash investment authorizes Arrow’s transfer agent, American Stock Transfer, to withdraw a specified monthly sum (minimum of $50 and a maximum of $5,000) from your personal checking or savings account at any financial institution, to be transferred to your Arrow dividend reinvestment account as an optional cash payment to purchase additional Arrow shares.

Safekeeping of Certificates

Certificates may be deposited with American Stock Transfer for safekeeping and maintained in book entry form. There is no charge for depositing certificates with American Stock Transfer, and by making such deposit you will be relieved of the responsibility for loss, theft or destruction of the certificate. If you request a certificate to be issued any time thereafter, a new physical certificate will be issued.

It is recommended that certificates be sent by registered mail with return receipt requested and properly insured since you bear the risk of loss prior to receipt by American Stock Transfer. Certificates should not be endorsed, but must be accompanied by a letter that mentions the name of the stock, the account number and indicates the certificate should be deposited as safekeeping.

Enrollment Information

For more information, please contact American Stock Transfer & Trust Company at:

  • Online:
  • By Phone: (888) 444-0058
  • By Mail: American Stock Transfer & Trust Company
    PO Box 922
    Wall Street Station
    New York, NY 10269-0560